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ALABAMA POWER DIVIDENDS DECLARED

BIRMINGHAM – The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company’s outstanding preferred stock and preference stock as follows:

Preferred Stock

($100 Par Value)

4.20% – $1.05 per share

4.52% – $1.13 per share

4.60% – $1.15 per share

4.64% – $1.16 per share

4.72% – $1.18 per share

4.92% – $1.23 per share

Class A Preferred Stock

($25 Capital Value)

5.83% – $.3644 per share

Preference Stock

($25 Capital Value)

6.45% – $.403125 per share

6.50% – $.406250 per share

These dividends are for the quarter ending March 31, 2017, payable April 1, 2017, to shareholders of record on March 17, 2017.

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.